MiMedx Boosts Stock Buyback Program By $10 Mln

(RTTNews) - MiMedx Group, Inc. (MDXG) said Tuesday that its Board of Directors has increased the company's authorization for its share repurchase plan from $10 million to $20 million.

The latest $20 million authorization amends the $10 million authorization approved in May 2014.

Parker Petit, MiMedx Chairman & CEO, said, "Our Board of Directors feel strongly that taking advantage of the market's overreaction to recent events is a good use of our capital. As we previously announced, we will exceed our guidance for both the fourth quarter and full year 2014, and we have not changed our 2015 guidance."